Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934
(§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided
pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01

Entry into a Material Definitive Agreement

On February 21, 2019, the Company entered into Amendment #1 to the Employment Agreement dated July 27, 2017, between it and Todd P. Cravens, the
Company’s President and Chief Executive Officer. Among other things, Amendment #1 provided 1) that any severance payments due to Mr. Cravens under the Employment Agreement be paid as a lump sum; 2) that continuation of his medical and health
insurance payments after termination be at the Company’s expense; 3) that the “2020 Option” described in the Employment Agreement vest in full in the event of termination following a Change of Control; and 4) that the exercise price of the 2020
Option be set at $1.90 per share.

Also on February 21, 2019, the Company entered into Amendment #2 to the Employment Agreement dated May 1, 2017, between it and Harry C. Hagerty, the
Company’s Chief Financial Officer, Treasurer and Secretary. Among other things, Amendment #2 provided 1) that any severance payments due to Mr. Hagerty under the Employment Agreement be paid as a lump sum; and 2) that continuation of his
medical and health insurance payments after termination be at the Company’s expense.

On February 21, 2019, the Company and each of Todd P. Cravens, the Company’s President and Chief Executive Officer, and Harry C. Hagerty, the Company’s
Chief Financial Officer, Treasurer and Secretary, agreed to amend their respective Employment Agreements in the manner described in Item 1.01. In connection with this event, on February 21, 2019, the Company and each of Mr. Cravens and Mr.
Hagerty entered into amendments to their respective Employment Agreements. The terms and conditions of the Amendments are described under Item 1.01.